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SecuritizationRMBS

UKAR dropped conflict rules for Credit Suisse on Granite

Credit Suisse

UK Asset Resolution (UKAR) suspended its policy of preventing its sellside advisers from taking on buyside roles in portfolio sales, allowing Credit Suisse to work for both sides during the £13.3bn sale of the Northern Rock Granite portfolio, according to a report from the National Audit Office released on Tuesday.

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